171
171
Jan 23, 2013
01/13
by
CNBC
tv
eye 171
favorite 0
quote 0
i feel the american, the japanese and american economy. there is going to be hell to pay and it's going to happen soon. >> you're holding your news and buying. >> neil henessey, can we get back to all-time highs for the dow and the s&p. >> oh, michelle, i think easily. if you look at the dow jones right now, the price-to-sales ratio is 1.28. the most it will go up to is 1.5 so that leaves 17% on the upside or if hundred points. more importantly you look at the s&p 500 companies, they are sitting on 1.5 trillion in cash, 1.5 trillion -- >> hold on. you think 2,300 points in the dow? what are you talking about? >> very much so. >> i mean. you're talking about the high in 2007, michelle, was when the price-to-sales ratio of the dow jones was at 1.8. we're 40% away from that number, but, i mean, the companies are in great shape. there's so much cash sitting on the sidelines, and at some point in time the investors are going to get out of fix the income and move over towards equity. >> can i ask you a question and i'm very much concerned about
i feel the american, the japanese and american economy. there is going to be hell to pay and it's going to happen soon. >> you're holding your news and buying. >> neil henessey, can we get back to all-time highs for the dow and the s&p. >> oh, michelle, i think easily. if you look at the dow jones right now, the price-to-sales ratio is 1.28. the most it will go up to is 1.5 so that leaves 17% on the upside or if hundred points. more importantly you look at the s&p 500...
169
169
Jan 29, 2013
01/13
by
CNBC
tv
eye 169
favorite 0
quote 0
no assumption that the economy improves. we can meaningful improve our cash flow and earnings even in an economy that looks like this one. >> you're not expecting any great shakes from the u.s. economy. >> got to create our own bottom line. >> how do you do that? >> made a number of moves over the last five years, most recently making an acquisition in packaging here in north america of one of our competitors and there are huge merger benefits associated with that. realizing the merger ben 2012 twoe 2013 and going on into '14. one of the big drivers and some of the things we're doing around the world in russia, india, south america. >> emerging markets still an important place. >> the cash comes out of america and the growth is in these emerging markets if you have cost position. >> the costs in the u.s. and growth outside. that's what we're continuing to hear. >> sure. >> from a demand story, where is the demand coming from? can you talk about sectors in the u.s. that you see the big ebigest demand and where the weak spots
no assumption that the economy improves. we can meaningful improve our cash flow and earnings even in an economy that looks like this one. >> you're not expecting any great shakes from the u.s. economy. >> got to create our own bottom line. >> how do you do that? >> made a number of moves over the last five years, most recently making an acquisition in packaging here in north america of one of our competitors and there are huge merger benefits associated with that....
394
394
Jan 24, 2013
01/13
by
CNBC
tv
eye 394
favorite 0
quote 0
and as the economy picks up, you have to take that money out. >> you are expecting that once we see a change in interest rates, that it happens fast, it happens furious. when would you expect a spike in interest rates? >> as soon as there's clear signs of pickup in the economy. >> let me ask you, i know you're a press conference. you're speaking later on this week about drug policy. why is this topic one for you? >> the war on drugs has done much more damage than the drugs themselves. and we need a different approach. i think it's also gaining ground in america because of the financial crisis where putting nonviolent offenders in prison is very expensive. in california, you're spending more on the prison system than on the education system. i find that totally unacceptable. >> that's amazing. >> so i think there's change in the wind. >> george, good to have you on the program. thanks very much. >> my pleasure. >> george soros joining us. bill, back to you. >> let's send it over to bertha coombs. >> to the mattresses. 9 1/2 position on this stock. tempur-pedic stopped expectations af
and as the economy picks up, you have to take that money out. >> you are expecting that once we see a change in interest rates, that it happens fast, it happens furious. when would you expect a spike in interest rates? >> as soon as there's clear signs of pickup in the economy. >> let me ask you, i know you're a press conference. you're speaking later on this week about drug policy. why is this topic one for you? >> the war on drugs has done much more damage than the...
219
219
Jan 25, 2013
01/13
by
CNBC
tv
eye 219
favorite 0
quote 0
stock market and the economy. and they're converging right now. eric marshall, at 417 billion dollars in market cap on both of these companies, who do you see is having the best value opportunity right now? exxon mobil or apple? >> i would be hesitant. they're both very -- two very different companies. i would use two different methodologies to value them. i can tell you at the hodges funds we believe that the future, any stock price is really just a function, a future earnings and cash flow. those are the things that we would be focused on. when you look at apple's valuation coming down here you really have to dissect and look at what are they going to earn over the next few years, what type of cash flow are they going to generate for the shareholders? and if you think that that is a good value at this price, it certainly is a lot easier to make an argument than it was when the stock was at 600 or 700. >> do you like it? need to be focused on. really >> do you like it? >> sounds like you do. >> well, you know, we're focused in our small cap fund.
stock market and the economy. and they're converging right now. eric marshall, at 417 billion dollars in market cap on both of these companies, who do you see is having the best value opportunity right now? exxon mobil or apple? >> i would be hesitant. they're both very -- two very different companies. i would use two different methodologies to value them. i can tell you at the hodges funds we believe that the future, any stock price is really just a function, a future earnings and cash...
339
339
Jan 22, 2013
01/13
by
CNBC
tv
eye 339
favorite 0
quote 0
economy and the markets again. do you see that? >> you know, we're not experts at forecasting overall market movements. we're looking for individual positions. there are a few needles in the haystack today but more needles in the haystack. >> you're waiting for a pullback. you just missed this move. >> meantime, very interesting opportunity on the private said. >> talking the private said, limited equity group. my partner and i spent 20 years at kkr and that was a great business. there are out there and growing and what we do is invest behind good management stakes. >> that's stuff that's not publicly traded? >> that's right. >> so do you have advice for viewers without that option? >> i think. sure. in the public markets we take a long-term view and do deep fundamental analysis and we wait, and it's okay to be in cash while you're waiting for a good opportunity that may come along. >> you're not worried about new regulations, you for example some of the taxation industries that are plaguing some industries right now. all the headw
economy and the markets again. do you see that? >> you know, we're not experts at forecasting overall market movements. we're looking for individual positions. there are a few needles in the haystack today but more needles in the haystack. >> you're waiting for a pullback. you just missed this move. >> meantime, very interesting opportunity on the private said. >> talking the private said, limited equity group. my partner and i spent 20 years at kkr and that was a great...